A. H. Belo Corporation announces termination of agreement to sell property


A. H. Belo Corporation has received written notice from 508 Young Acquisition LP, an affiliate of KDC Development, LLC, exercising its right to terminate the agreement dated Oct. 29 under which 508 Young Acquisition LP contracted to acquire the former campus of The Dallas Morning News in downtown Dallas for $33 million.

Katy Murray, senior vice president and chief financial officer, said, "We are disappointed that this transaction will not close as anticipated, and A. H. Belo will work with its broker to actively market the property beginning now."

Belo, Dallas


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